Kmw Correlations

032500 Stock

KRW 7,930 470.00 5.60%

The current 90-days correlation between Kmw Inc and Doosan Fuel Cell is 0.29 (i.e., Modest diversification). The correlation of Kmw is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Kmw Correlation With Market

Modest diversification

The correlation between Kmw Inc and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kmw Inc and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Kmw could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kmw when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Kmw - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Kmw Inc to buy it.

Moving together with Kmw Stock

0.74	122870	YG Entertainment	Pair Corr
0.72	041510	SM Entertainment	Pair Corr
0.64	003535	Hanwha InvestmentSecuri	Pair Corr

Moving against Kmw Stock

0.63	005385	Hyundai Motor	Pair Corr
0.62	005380	Hyundai Motor	Pair Corr
0.57	005490	POSCO Holdings	Pair Corr
0.56	005387	Hyundai Motor	Pair Corr
0.55	005930	Samsung Electronics	Pair Corr
0.52	005935	Samsung Electronics	Pair Corr
0.4	034730	SK Holdings	Pair Corr
0.34	000270	Kia Corp	Pair Corr
0.45	082270	GemVaxKAEL CoLtd	Pair Corr

Related Correlations Analysis

	025950	336260	217270	045340	293780	241840	215480	187870	050960	106240
025950		-0.12	-0.29	0.95	-0.41	0.66	0.45	-0.48	0.97	-0.63	025950
336260	-0.12		0.57	-0.16	0.62	0.06	0.56	0.71	-0.03	0.58	336260
217270	-0.29	0.57		-0.33	0.36	0.03	0.27	0.65	-0.21	0.47	217270
045340	0.95	-0.16	-0.33		-0.44	0.65	0.31	-0.55	0.96	-0.66	045340
293780	-0.41	0.62	0.36	-0.44		-0.5	0.44	0.73	-0.31	0.85	293780
241840	0.66	0.06	0.03	0.65	-0.5		0.16	-0.41	0.63	-0.65	241840
215480	0.45	0.56	0.27	0.31	0.44	0.16		0.46	0.52	0.34	215480
187870	-0.48	0.71	0.65	-0.55	0.73	-0.41	0.46		-0.39	0.9	187870
050960	0.97	-0.03	-0.21	0.96	-0.31	0.63	0.52	-0.39		-0.54	050960
106240	-0.63	0.58	0.47	-0.66	0.85	-0.65	0.34	0.9	-0.54		106240
	025950	336260	217270	045340	293780	241840	215480	187870	050960	106240

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

050960	+ 0.97	025950
050960	+ 0.96	045340
045340	+ 0.95	025950
106240	+ 0.9	187870
106240	+ 0.85	293780
187870	+ 0.73	293780

High negative correlations

106240	- 0.66	045340
106240	- 0.65	241840
106240	- 0.63	025950
187870	- 0.55	045340
106240	- 0.54	050960
241840	- 0.5	293780

Risk-Adjusted Indicators

There is a big difference between Kmw Stock performing well and Kmw Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Kmw's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
025950	5.66	1.68	0.21	(3.25)	5.93	(6.40)	29.69	(10.05)	50.37
336260	2.42	(0.07)	0.00	(0.83)	0.00	0.00	5.53	(5.04)	18.70
217270	1.66	(0.19)	0.00	0.67	0.00	0.00	2.65	(4.49)	18.15
045340	4.81	1.25	0.16	47.69	5.94	(5.45)	20.11	(9.81)	53.75
293780	2.76	(0.52)	0.00	1.70	0.00	0.00	5.01	(5.29)	19.84
241840	2.15	0.33	0.12	(1.34)	2.24	(2.69)	6.35	(3.19)	18.05
215480	1.85	0.06	0.01	(0.10)	2.17	(2.51)	4.75	(3.12)	23.58
187870	1.62	(0.23)	0.00	15.38	0.00	0.00	2.71	(3.42)	11.28
050960	3.82	0.00	0.17	0.00	4.19	(5.30)	18.33	(9.15)	50.41
106240	1.50	(0.42)	0.00	(3.25)	0.00	0.00	2.44	(3.84)	7.88

Be your own money manager

Our tools can tell you how much better you can do entering a position in Kmw without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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